TiE

Last updated

The IndUS Entrepreneurs (TiE) is a Silicon Valley non-profit supporting start-ups through networking and the raising of capital for new and experienced entrepreneurs. [1] By 2000, it had helped create businesses worth more than $75 billion. [2] Mahavir Pratap Sharma is the current chairman of TiE Global. [3]

Contents

History

TiE was founded in 1992 by the trio of an Indian-American businessman and angel investor, Kanwal Rekhi; an MIT professor and founder of Cirrus Logic, Suhas Patil; and the founder of Gateway Design Automation, Prabhu Goel. [4]

Organization

TiE has 60 chapters in 17 countries. [5] It holds several events throughout the year to promote networking and raise capital for start-ups. TiE Global Summit II and TiE Inflect in Silicon Valley are the organization's flagship events. [6] Besides the flagship events, the organization connects with its members through a series of annual gatherings, such as TiECON.

TiECON

TiECON is an annual TiE event. The March 2018 TiECON was held in Mohali. It was organized by the Chandigarh Chapter President, Alok Ramsisaria, and Executive Director, Harpreet Minhas, at the Indian School of Business. [7] Approximately 40 start-ups participated and a cumulative funding of ₹36 million [8] (US $554,400) was raised. Prominent attendees at the event included the state's Chief Minister, Amarinder Singh, and the British High Commissioner to India, Dominic Asquith. [9]

Related Research Articles

Venture capital

Venture capital (VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from the high technology industries, such as information technology (IT), clean technology or biotechnology.

Sequoia Capital is an American venture capital firm. The firm is headquartered in Menlo Park, California and mainly focuses on the technology industry. It has backed companies that now control $1.4 trillion of combined stock market value. Sequoia manages multiple investment funds including funds specific to India & Southeast Asia, Israel, and China. The firm has offices in Menlo Park, Singapore, Bengaluru, Mumbai, New Delhi, Hong Kong, Shanghai, Beijing, London and Tel Aviv.

The National Association of Software and Service Companies (NASSCOM) is an Indian non-governmental trade association and advocacy group focused mainly on Information Technology (IT) and Business Process Outsourcing (BPO) industry. Established in 1988, NASSCOM is a non-profit organisation.

Vinod Dham

Vinod Dham is an engineer, entrepreneur and venture capitalist. He is known as 'Father of the Pentium Chip' for his contribution to the development of Intel's Pentium micro-processor He is a mentor, advisor and sits on the boards of companies, including startups funded through his India-based fund Indo-US Venture Partners, where he is the founding managing director.

Entrepreneurship Cell, IIT Kharagpur (E-Cell) is a non-profit student’s organization dedicated to promoting the spirit of entrepreneurship among students throughout India. Established in 2006 under the aegis of STEP, IIT Kharagpur, E-Cell has since been involved in more than 70 startup companies in the initial stages of their existence. It is a student body under Rajendra Mishra School of Engineering Entrepreneurship (RMSOEE), IIT Kharagpur and has taken up various initiatives to promote new ventures by students of IIT Kharagpur and students across the country.

The Cape Silicon Initiative or Silicon Cape is a regional ICT business networking NPO and community in the Western Cape, South Africa.

Ajit Gupta

Ajit Gupta was a Silicon-Valley based entrepreneur and the founder of Aryaka, AAyuja, JantaKhoj, and Speedera Networks. He holds 21 technology patents for Internet content delivery and global traffic management. Ajit Gupta is a graduate of Indian Institute of Technology Roorkee Electrical Engineering Batch of 1984.

Silicon Valley Bank, a subsidiary of SVB Financial Group, is a U.S.-based high-tech commercial bank. The bank has helped fund more than 30,000 start-ups. SVB is on the list of largest banks in the United States.

Naval Ravikant Indian-American entrepreneur and investor

Naval Ravikant is an Indian-American entrepreneur and investor. He is the co-founder, chairman and former CEO of AngelList. He has invested early-stage in over 200 companies including Uber, FourSquare, Twitter, Wish.com, Poshmark, Postmates, Thumbtack, Notion, SnapLogic, Opendoor, Stack Overflow, OpenDNS, Yammer, and Clearview AI, with over 70 total exits and more than 10 Unicorn companies. He is the brother of Kamal Ravikant, a tech entrepreneur who wrote the self-published Amazon best seller “Love Yourself Like Your Life Depends on It.”

The Founder Institute

The Founder Institute is an American business incubator, entrepreneur training and startup launch program that was founded in Palo Alto, California in 2009. Although based in Silicon Valley, The Founder Institute maintains chapters in over 180 cities and more than 65 different nations across the globe. It offers a four-month part-time program for new and early-stage entrepreneurs that helps them develop their business ideas and form a company. Among the key requirements for graduation is the creation of a fully operational company by the end of the four-month program. As of 2018, over 3,500 companies had been created from the program, which raised over $800M funding in total.

TiE Silicon Valley is the largest and founding chapter of the TiE brand, a non-profit organization dedicated to fostering entrepreneurship. The chapter provides technology entrepreneurs with mentoring services, networking opportunities, startup-related education, funding, and incubating.

Vani Kola

Vani Kola is an Indian venture capitalist. She was listed as one of the most powerful women in Indian Business by Fortune India. She is the founder and Managing Director of Kalaari Capital, one of India's leading early stage venture capital firms.

TiE Rajasthan is a Rajasthan chapter of the non-profit community The Indus Entrepreneurs (TiE). Headquartered in Jaipur, TiE Rajasthan is aimed at fostering entrepreneurship through mentoring, networking, education, incubating, and funding new startups.

Startup India is an initiative of the Government of India. The campaign was first announced by Indian Prime Minister, Narendra Modi during his speech in 15 August 2015 address from the Red Fort, in New Delhi.

Asha Jadeja Motwani

Asha Jadeja Motwani is an angel investor and philanthropist based in Silicon Valley. She invests in for-profit tech, internet and high social impact start-ups in the Bay Area, New York and India. Asha and her husband Rajeev Motwani co-invested in over 100 startups as angels. Rajeev Motwani was the founding advisor to Google and the author of Google's algorithmic architecture.

Saurabh Srivastava is an Indian entrepreneur, investment professional, institution builder and a former chairman of NASSCOM, a non-profit trade organization for the promotion of Indian IT industry. A master's degree holder from Harvard University, he founded Infinity Venture, reportedly the first venture capital fund in India and is a recipient of Dataquest Lifetime Achievement Award, the IT Industry Award from the Prime Minister of India and Distinguished Alumnus Award from the Indian Institute of Technology, Kanpur. The Government of India awarded him the fourth highest civilian honour of the Padma Shri, in 2016, for his contributions to trade and industry.

Jyoti Bansal is a Silicon Valley technology entrepreneur. He founded AppDynamics in April 2008, and went on to serve as its CEO until 2015 when he became the company's Chief Strategist and Chairman. AppDynamics was purchased by Cisco Systems for $3.7 billion, a day before AppDynamics was due for an initial public offering.

CleverTap is a SaaS based customer lifecycle management and mobile marketing company headquartered in Mountain View, California. Founded in May 2013, it provides mobile app analytics and user engagement products to more than 8,000 apps including The Meet Group, Premier League, Gojek, Daimler, OLX, Domino's, and Carousell. The company is backed by Sequoia Capital, Tiger Global Management, Accel Partners and Recruit Holdings.

Mukesh Bansal is an Indian businessman who founded Indian fashion e-commerce company Myntra and currently serves as the CEO of cure.fit of which he is also the co-founder. Mukesh has been listed in the Best 40 Under 40 Entrepreneurs by Fortune magazine.

Harish S. Mehta

Harish S. Mehta is the Founder and Executive Chairman of Onward Technologies Ltd. He is the founding member and the first elected Chairman of NASSCOM, a trade association of Indian Information Technology (IT) and Business Process Outsourcing (BPO) industry. He also serves as the Director of Indian Angel Network (IAN), the world's largest and most active angel investors group.

References

  1. Raj, Yashwant (2017-09-13). "Rahul Gandhi's US visit planned as part of 'new conversation' on India's future". The Hindustan Times.
  2. Whitehouse, Christine (2000-10-30). "The TiE That Binds". London: Time.
  3. "TiE Global Gets New Chairman For 2020". Economic Times. 2 January 2020. Retrieved 28 June 2020.
  4. Piscione, Deborah (2014). Secrets of Silicon Valley: What Everyone Else Can Learn from the Innovation Capital of the World. Palgrave Macmillan. p. 256. ISBN   9781137279170.
  5. "About TiE".
  6. "TiE Flagship Events".
  7. "TiE Regions and Chapters".
  8. "TiECON Chandigarh 2018 – A Mega Success in the Age of Disruption – Raises a Humungous Funding of 3.60 Crores". Peep India. 2018-03-19.
  9. Mehtal, Kamini (2018-03-09). "Tiecon 2018 setting new trends". The Times of India .